1.15 Million Admit to Having No Car Insurance
1.15 million people confess to having driven a car in the last year without any car insurance, according to a survey by Sainsbury's Car Insurance. The survey revealed that 19% said it was because they couldn't afford it, 19% said they didn't think it was necessary, 13% said they forgot to purchase it, while 13% said they didn't have time to arrange cover.
The most common offenders are those aged between 17 and 24. The least likely to offend were the over 65s. It is a commonly known fact that insurance for younger or newer drivers is far costlier than for older car-owners. This may account for the spotted patterns of higher rates of offense in younger people.
On a regional basis, 6% of people in London have confessed to driving in the last 12 months with no insurance in place - the highest for any part of Britain. This may be due to the fact that car insurance London comes at a dramatically higher price due to the higher rate of accidents.
Figures elsewhere are South West & Wales (5%), Yorkshire & Humberside (4%), Scotland (3%), North (2%), South East (1%), East Midlands & Anglia (1%) and West Midlands (1%). According to the Association of British Insurers, the cost of uninsured motorists adds a further £25 to £30 to the average annual car insurance premium.
It is illegal to drive a car with no insurance in place and the punishment for those caught include fines, a driving ban or having their cars crushed
As well as offering competitive premiums, Sainsbury's Car Insurance also offers motorists an extensive range of cover and benefits. This includes a courtesy car when using one of its recommended repairers (comprehensive cover only) and a no claim discount of 70% if you take out a policy and have not made a claim in the past five years, rising to 75% after a further five years' claim free driving with Sainsbury's Car Insurance. It is also one of only a few providers to offer new for old replacement child car seats after an accident as a standard feature of its comprehensive policy, even when there is no visible damage, as well as support and compensation if you're a victim of carjacking or road rage.
Ironically, right now is a very good time to purchase car insurance, as the AA's index report shows: In the last year, the average annual premium quoted for comprehensive car insurance has risen by nearly 6%.
The good news is that the latest figures show a slight reversal in the trend. Average comprehensive car insurance premiums fell by 0.5% in the first quarter of 2008.
According to AA Insurance, this is largely due to the time of year. Because it's currently a ‘peak period' for car insurance sales, many companies are holding rates down to try and gain market share.
You might need to act fast to take advantage of these blips: Home and car insurance premiums are expected to rise again over the coming year.
And in the longer term, prices may be forced up still further by extreme weather conditions. Professor Stuart Lane of Durham University recently predicted that we're entering a ‘flood-rich' period, with even more serious flooding likely to hit the UK in years to come.
It seems that now is a good time to take out a new insurance policy. This is particularly true of car and home insurance, as premiums are likely to rise - possibly steeply - in the months to come.
If your current policy is up for renewal, remember to shop around rather than automatically renewing with your existing company. You're likely to get a much better deal as a new customer.
Related Tags: insurance, car insurance, insurers
Sofia is an author of several articles pertaining to Car Insurance. She is known for her expertise on the subject and on other Business and Finance related articles.Your Article Search Directory : Find in Articles
Recent articles in this category:
- Motor Trade Rundown
It is not just cars that must be insured on British roads, every type of motor vehicle is required b
- Claiming Compensation For Defective Products
Compensation claims for injury and damage caused by faulty, defective products normally target eithe
- Ideas To Uncover Affordable Rate Auto Coverage
These days, everyone is looking for ways to lower expenses. Certain costs like home and car insuranc
- Should It Be Illegal For People To Drive Without Vehicle Insurance?
There are many drivers on the road who drive un-roadworthy vehicles. The worst part is not that they
- Do You Need Static Caravan Insurance?
Static caravan insurance is an automobile insurance that deals with vehicles that are used while on
- Insurance - Tool For Personal Finance Planning
Financial planning is must for every individual. When we start saving money for our goals, there is
- Family Life Insurance Policy For The Families Staying In Dubai
The main motive of insurance policy is to give financial security to the person's family especially
- Buying Temporary Health Insurance In Florida
You are the resident of Florida? You are between jobs and therefore are not looking for a long term
- Car Insurance Is Of The Utmost Importance In Today's Lifestyle
In today's hectic lifestyle we are always rushing to get from one place to another, whether it be ru
- Health Insurance Companies Are Using New Laws As An Excuse To Raise Their Rates
Government officials are cautioning insurance companies to stop utilizing scare tactics to steam up
Most viewed articles in this category:
- International Health Insurance: Insure Yourself While in Go
We all will agree that whether we are living in our home country or abroad, our health needs constan
- It's Never Too Early to Buy a Long Term Care Health Insurance!
Most people delay buying a long term care health insurance because they think that it is too early t
- Home Owner Insurance Quote: Stay Safe!
Your house will not be fully secured until and unless you have a home owner insurance policy. A home
- The Benefits of Health Insurance Are Immense!
Almost everyone in this world has fallen ill sometime or the other. Apart from illness, many people
- What Happens When You Make An Insurance Claim?
If you've never filed a loss claim before, you might feel nervous and confused about the whole proce
- Pet Health Care Insurance: Show your Pets That you Care!
Having a pet in one's household is a joyful experience. It can provide you with entertainment, compa
- Three Ways to Buy Long Term Care Without Paying Premiums Out of your Pocket
Stop 100 people over 65 on the street and ask them if they will ever need to go to a nursing home an
- Protect That Bauble: Engagement Ring Insurance
Engagement ring insurance can protect your bauble in case a worst case scenario happens...So you've
- Do I Need Diamond Ring Insurance
If you have to ask whether or not you need diamond ring insurance you probably do. There's somethin
- Choosing a Benefits TPA
The use of third-party administrators (TPAs) is one of the hottest trends in insurance today. Accor